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VI. WHERE TO GET HELP AND FORMS

TAX RATE SCHEDULE

If you need assistance completing your return, call or visit

IF YOUR VIRGINIA TAXABLE INCOME IS:

the Commissioner of the Revenue, Director of Finance, or

Not over $3,000, your tax is 2% of your Virginia taxable income.

Director of Tax Administration for your city or county, or the

but not

your tax

of excess

Department of Taxation. Mailing addresses and telephone

over...

is...

over...

numbers are listed at the end of this document. Requests for

$ 3,000

$ 5,000

$ 60 + 3%

$ 3,000

information may also be addressed to the: Virginia Depart-

$ 5,000

$17,000

$ 120 + 5%

$ 5,000

ment of Taxation, P. O. Box 1115, Richmond, VA 23218-

$ 17,000

$ 720 + 5.75%

$ 17,000

1115, or call 804-367-8031. Do not mail your income tax

return to this address or to the address below.

TAX CREDITS and ADJUSTMENTS

Requests for forms from the Department of Taxation can

You may claim an expected tax credit or adjustment on the

be addressed to: Virginia Department of Taxation, Forms

worksheet if:

Request Unit, P. O. Box 1317, Richmond, VA 23218-1317,

(a) you will pay income tax to another state as a nonresi-

or call 804-440-2541.

dent, except for the states of Arizona, California,

Visit the Department of Taxation website,

Oregon or the District of Columbia;

gov, where you can obtain filing information, get answers to

(b) you are a resident of one or more of the states listed

common questions, download forms, and more.

above and you will pay income tax to Virginia as a

nonresident; or

VII. UNDERPAYMENT OF ESTIMATED INCOME TAX

An addition to tax is imposed by law if at least 90% (66

fiduciary income tax credits.

if you are a farmer, fisherman or merchant seaman) of your

total tax liability is not paid throughout the year by timely

For more information on determining if you qualify for any

withholding and/or installments of estimated tax except in

credits, see the instructions for Form 770.

certain situations. The addition to tax does not apply if each

IV. CHANGES IN INCOME OR EXEMPTIONS

required installment is paid on time and meets one of the

Even if you do not expect your income for 2012 to be large

following exceptions:

enough to require making estimated income tax payments as

(a) is at least 90% (66

% if you are a farmer, fisherman

of May 1, 2012, a change in income may require you to file

or merchant seaman) of the amount due on the basis

later in the year. If you later determine that you need to file,

of annualized income;

see the PAYMENT SCHEDULE.

(b) is at least 90% (66

% if you are a farmer, fisherman

If you file your 2012 income tax return and pay the balance

or merchant seaman) of the amount due on the basis

of tax due in full by March 1, 2013, you are not required to

of the actual taxable income;

make the estimated tax payment that would normally be due

on January 15, 2013. If you file your return after March 1

the preceding taxable year and the current year’s tax

without making the January payment, or if you have not paid

rates and exemptions;

the proper amount of estimated tax on any earlier due date,

(d) is equal to or exceeds the prior year’s tax liability for

you may be liable for an additional charge for underpayment

each installment period and the prior year return was

of estimated tax, computed on Form 760C. See Section VII

for a full year and reflected an income tax liability; or

and the Form 760C instructions for more information.

(e) the sum of all installment underpayments for the tax-

V. WHERE TO FILE

able year is $150 or less.

Send the first voucher filed for the taxable year to the

If you do not meet an exception, your underpayment

address shown for the Commissioner of the Revenue, Director

computation will be based on 90% of the current year’s

of Finance or Director of Tax Administration for the Virginia

income tax liability or 100% of your liability for the preceding

city or county in which the fiduciary qualified. If there has

year, whichever is less. The addition to tax is computed on

been no qualification in Virginia, file the first voucher in the

Form 760C (Form 760F for farmers, fishermen or merchant

city or county in which the fiduciary resides, does business or

seamen).

has an office or wherein any of the beneficiaries may reside.

If filing is not required until after May 1, see the PAYMENT

SCHEDULE for information on which voucher to file. File the

remaining vouchers with the Treasurer in that city or county

using the addresses at the end of this document.

Form 770es - Virginia Estimated Income Tax Payment Vouchers For Estates, Trusts And Unified Nonresidents - 2012 Page 2

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